The firm’s shares were trading at over 4p on Tuesday afternoon, compared to an opening price of 3.625p, after results were published showing that pre-tax losses had fallen from £3.7m in 2005 to £2.3m in 2006.

Turnover for the year fell to £44.9m, from £57.5m in 2005, primarily due to the sale of part of its loss-making Stream direct mail business to Formpro Mail Marketing.

TripleArc chief executive Jason Cromack (pictured) said the results proved that the year had been one of progress for the firm, particularly after winning a series of contracts.

He also revealed that TripleArc had won a three-year contract to work with the Royal Institution of Chartered Surveyors since the start of this year.

Cromack said: “Import­antly, we are once again winning long-term contracts as demonstrated by the seven won during 2006.

“We disposed of Stream in March 2006 as it had a negative impact upon revenue. However, the retained marketing solutions section of Stream – renamed Access Plus Marketing Logistics – has been successfully integrated into the group.”